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Mexican President Signs Financial Overhaul Into Law

Changes Set to Boost Country's Growth Potential

By

Anthony Harrup and

Amy Guthrie

Jan. 9, 2014 4:03 p.m. ET

Mexican President Enrique Peña Nieto signed into law Thursday changes in the country's financial and banking laws, capping a year of economic overhauls passed in 2013 by Congress that officials expect will raise Mexico's long-term growth potential.

Starting in 2014, Mexico's financial system will be more solid, and "a true engine of growth" for the economy, Mr. Peña Nieto said at an event .